JAMB - Accounts Principles Of Accounts (2025 - No. 50)
Factory cost of production
#52,750
#53,300
#56,300
#45,500
Explanation
Factory cost of production = Prime cost + Factory overheads
= 52,950 + (2,800 + 3,200 + 350)
= 52,950 + 6,350 = 56,300.
= 52,950 + (2,800 + 3,200 + 350)
= 52,950 + 6,350 = 56,300.
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